Sobha Limited — Others, 31-03-2025: Action(s) initiated or orders passed

SOBHA Limited has received an assessment order from the Income Tax Department for the Assessment Year 2017-18, resulting in a demand notice of Rs. 10.38 Crore due to disallowed expenses and income additions. The company plans to appeal this order within the prescribed timeline and believes it has solid grounds for its case. There is currently no expected impact on its operations or financial activities. This situation may raise concerns among investors, but the company's proactive approach to appealing could foster a positive outlook, depending on the appeal's outcome.